Halliburton Swings to Profit,
Boosted by Iraq Contracts

Halliburton Co.'s government contracts in Iraq boosted revenue in an otherwise poorly performing segment and helped swing the company to a $26 million profit in the second quarter.

The profit, equal to six cents a share, was a sharp reversal from a loss of $498 million, or $1.15 a share, a year ago. The earlier period's results included hefty charges related to asbestos claims and losses on an offshore construction project for...